Amrutanjan Health Care extend gains on stock split plans

Amrutanjan Health Care has soared 7% to Rs 872 extending its 5% gain in past three trading days after the pharmaceutical company has fixed a record date of October 29, 2012 for purpose of stock split.

“The board of directors have proposed to sub-divide the face value of equity shares of the company from Rs 10 per share into the shares of Rs 2 each,” the company said in a filing.

The stock opened at Rs 815 and hit a high of Rs 872 on the BSE. A combined 368,806 shares have already changed hands on the counter so far against an average sub 50,000 shares that were traded daily in past two weeks on the BSE and NSE.